17 Million Eligible for Insurance Premium Subsidies

When individuals purchased insurance on the private market, typically the costs where prohibitively high for many, and/or the insurance would not cover much. That was the case until Obamacare. The insurance exchanges create a place where people can group together to buy insurance to get a better deal on premiums. In addition, the Advanced Premium Tax Credits (APTC) give extra help to those making less than 400% of the federal poverty level for anyone who doesn’t qualify for Medicaid.

17 million people will be eligible for premium tax credits in the new health insurance marketplace.